Can I retire at age 30 with 621,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$51,282$50,825$50,379$49,944$49,519$48,719
2 years$25,387$24,914$24,456$24,012$23,581$22,777
3 years$16,757$16,282$15,825$15,384$14,961$14,178
4 years$12,442$11,969$11,516$11,084$10,670$9,914
5 years$9,854$9,384$8,937$8,513$8,111$7,385
6 years$8,129$7,662$7,222$6,808$6,418$5,722
7 years$6,898$6,435$6,002$5,597$5,220$4,554
8 years$5,975$5,516$5,090$4,695$4,330$3,695
9 years$5,257$4,803$4,384$4,000$3,647$3,042
10 years$4,683$4,233$3,822$3,448$3,107$2,532
11 years$4,214$3,769$3,365$3,000$2,672$2,126
12 years$3,824$3,383$2,986$2,632$2,316$1,797
13 years$3,493$3,057$2,668$2,323$2,019$1,529
14 years$3,210$2,779$2,397$2,063$1,770$1,306
15 years$2,965$2,538$2,164$1,839$1,559$1,120
16 years$2,751$2,329$1,962$1,647$1,377$964
17 years$2,563$2,145$1,786$1,480$1,221$832
18 years$2,395$1,982$1,630$1,334$1,086$720
19 years$2,245$1,837$1,492$1,205$968$624
20 years$2,111$1,707$1,370$1,091$865$542
21 years$1,989$1,590$1,260$991$774$471
22 years$1,879$1,484$1,161$901$694$410
23 years$1,778$1,388$1,072$820$623$357
24 years$1,686$1,300$991$748$560$312
25 years$1,601$1,220$918$683$504$272
26 years$1,523$1,147$852$625$454$238
27 years$1,451$1,079$791$572$409$208
28 years$1,384$1,017$735$524$369$182
29 years$1,322$960$684$480$333$159
30 years$1,264$906$637$441$301$139
31 years$1,210$857$594$405$272$122
32 years$1,160$811$554$372$246$107
33 years$1,112$768$518$342$223$94
34 years$1,068$728$484$315$202$82
35 years$1,026$690$452$290$183$72
36 years$986$655$423$267$166$63
37 years$949$622$396$246$150$55
38 years$914$591$371$227$136$49
39 years$881$562$347$209$123$43
40 years$849$535$326$193$112$37
41 years$819$509$305$178$102$33
42 years$791$485$286$164$92$29
43 years$764$462$269$152$84$25
44 years$738$440$252$140$76$22
45 years$713$420$237$129$69$19
46 years$690$401$222$119$63$17
47 years$668$382$209$110$57$15
48 years$646$365$196$102$52$13
49 years$626$349$185$94$47$12
50 years$606$333$174$87$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $621,000, adding $2,345 every year, while hoping to spend $37,111 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/40/15 Blend
29$621,000$621,000$621,000$621,000
30$686,761$653,848$644,222$714,619
31$717,325$646,401$626,318$726,831
32$749,762$637,345$606,570$736,143
33$784,225$626,562$584,878$745,436
34$820,880$613,927$561,135$754,725
35$859,909$599,309$535,232$764,026
36$901,511$582,566$507,053$773,361
37$945,903$563,550$476,478$782,759
38$993,325$542,104$443,380$792,252
39$1,044,039$518,062$407,628$801,879
40$1,098,332$491,248$369,084$811,689
41$1,156,518$461,475$327,605$821,737
42$1,218,944$428,548$283,040$832,088
43$1,285,987$392,258$235,233$842,820
44$1,358,064$352,385$184,020$854,020
45$1,435,631$308,696$129,229$865,791
46$1,519,190$260,947$70,683$878,252
47$1,609,292$208,878$8,195$891,537
48$1,706,541$152,214$0$905,803
49$1,811,602$90,667$0$930,586
50$1,925,206$23,930$0$958,736
51$2,048,155$0$0$989,201
52$2,181,332$0$0$1,043,545
53$2,325,707$0$0$1,113,938
54$2,482,348$0$0$1,190,376
55$2,652,428$0$0$1,273,439
56$2,837,238$0$0$1,363,766
57$3,038,198$0$0$1,462,061
58$3,256,870$0$0$1,569,096
59$3,494,973$0$0$1,685,722
60$3,754,399$0$0$1,812,877
61$4,037,228$0$0$1,951,591
62$4,345,752$0$0$2,102,998
63$4,682,492$0$0$2,268,348
64$5,050,225$0$0$2,449,015
65$5,452,005$0$0$2,646,513
66$5,891,196$0$0$2,862,508
67$6,371,502$0$0$3,098,835
68$6,897,000$0$0$3,357,515
69$7,472,180$0$0$3,640,771
70$8,101,988$0$0$3,951,055
71$8,791,866$0$0$4,291,064
72$9,547,811$0$0$4,663,770
73$10,376,427$0$0$5,072,444
74$11,284,986$0$0$5,520,692
75$12,281,498$0$0$6,012,483
76$13,374,786$0$0$6,552,190
77$14,574,567$0$0$7,144,630
78$15,891,546$0$0$7,795,108
79$17,337,513$0$0$8,509,470
80$18,925,457$0$0$9,294,153
81$20,669,687$0$0$10,156,251
82$22,585,964$0$0$11,103,577
83$24,691,652$0$0$12,144,738
84$27,005,881$0$0$13,289,219
85$29,549,725$0$0$14,547,466
86$32,346,402$0$0$15,930,992
87$35,421,492$0$0$17,452,477
88$38,803,178$0$0$19,125,895
89$42,522,510$0$0$20,966,638
90$46,613,698$0$0$22,991,670
91$51,114,435$0$0$25,219,677
92$56,066,250$0$0$27,671,251
93$61,514,902$0$0$30,369,080
94$67,510,808$0$0$33,338,160
95$74,109,520$0$0$36,606,038
96$81,372,248$0$0$40,203,061
97$89,366,437$0$0$44,162,672
98$98,166,400$0$0$48,521,718
99$107,854,024$0$0$53,320,802
100$118,519,538$0$0$58,604,664